Today the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released the current list of certified Community Development Financial Institutions (CDFIs). The CDFI Fund had undertaken an effort to re-certify the majority of CDFIs in early 2013. Organizations were required to apply for re-certification if their original or most recent certification had passed its initial three-year term.
As of December 15, 2013, there are 808 certified CDFIs, including 434 CDFIs that were recertified in 2013. The list includes 492 loan funds, 177 credit unions, 76 bank or thrifts, 50 depository institution holding companies, and 13 venture capital funds.
To qualify as a CDFI, an organization must be a legal entity at the time of certification application; have a primary mission of promoting community development; be a financing entity; primarily serve one or more target markets; provide development services in conjunction with its financing activities; maintain accountability to its defined target market; and be a non-government entity and not be under control of any government entity (Tribal governments excluded).
The full list of organizations recognized as certified CDFIs as of December 15, 2013 can be found on the CDFI Fund's website at www.cdfifund.gov/cdficert. To learn more about CDFI Certification, view the CDFI Fund's fact sheet.
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